ArmInfo. Industrial sector of Armenia in the first quarter of 2021 reduced production by 3.9% per annum (against 8.7% growth a year earlier), amounting to 470.4  billion drams ($ 897.5 million). But in March alone, the volume  increased by 9.1% - to 175.2 billion drams ($ 332.1 million).

ArmInfo.The rise in the growth of the net inflow of transfers from individuals to Armenia in the first quarter of 2021 is supported by the high growth rates of the net  inflow of remittances from the United States - 2.6-fold to $ 74  million (against 5-fold growth a year earlier).

ArmInfo. MP from the Prosperous Armenia faction Mikael Melkumyan considers the proposal of the leader of the party Gagik Tsarukyan to "nullify" citizens' loans in the  amount of up to AMD 3 million as appropriate and topical. "The  proposal passed an expert discussion at the highest level, and the  comment of the head of the Central Bank, perhaps, confirms that it is  justified," Melkumyan said on May 5 in an interview with reporters.

ArmInfo.

ArmInfo.

ArmInfo. The net inflow of private transfers to Armenia increased by 47.7% per annum in the first quarter of 2021. Head of the Department of Macroeconomics of  the Central Bank of Armenia Armen Nurbekyan said this at a press  conference on May 4, noting that in March alone, the net inflow of  transfers increased more than 2-fold.

ArmInfo.In the loan portfolio of the banking system of Armenia, the share of non-performing loans in the first quarter of 2021 reached 7.1%. The Chairman of the Central  Bank of the Republic of Armenia Martin Galstyan stated this at a  press conference on May 4, noting that in comparison with the  previous quarter, an increase in non-performing loans was recorded.

ArmInfo. The Central Bank of Armenia is confident that inflation will return to its target  indicator next year. The Chairman of the Central Bank of Armenia  Martin Galstyan expressed this opinion during a press conference on  May 4.

ArmInfo. Taking into account the current macroeconomic situation and the inflationary impact expected from the external and internal economies, the Council of the Central  Bank of Armenia considers it necessary to gradually neutralize the  stimulating effect of monetary conditions.

ArmInfo.

ArmInfo. On May 4, the Armenian Parliament discussed in the first reading the draft law "On Amendments and Addenda to the" Tax Code "of the Republic of Armenia,  which provides for reducing the timeframe for refunding value added  tax (VAT) to exporters from three months to one.

ArmInfo. Armenia is a window to international markets. This was stated by head of the Iran-Armenia Joint Chamber of Commerce Hervik Yarijanian, speaking of the  country's ability to increase trade with Europe and Eurasia.

ArmInfo.The Central Bank of Armenia increased the refinancing rate by 0.5 percentage points - from 5.5% to 6%. As ArmInfo was told in the press service of the Central Bank  of Armenia, this decision was made on May 4 at a meeting of the  Central Bank Council.

ArmInfo.ARMENAL launches preparations for certification of the plant for compliance with the requirements of international standards Aluminum Stewardship  Initiative (ASI) - the Initiative for Responsible Management of  Aluminum Production. ArmInfo was informed about this in the press  service of the company.

ArmInfo. Armenia's gross external debt, which already in 2020 exceeded GDP to 103.5%, will continue to prevail over GDP both in 2021 (107%) and in 2021 (105.1%).  Thus, the gross debt of the Armenian government will reach 69.9% of GDP in 2021  (from 62.8% of GDP in 2020), and then in 2022 it will modestly  decrease to 68.8% of GDP. This is stated in the new IMF report  "Regional Economic Outlook Update: Middle East and Central Asia",  which presents a detailed forecast of key indicators of Armenia.

ArmInfo.In the regions of rmenia in the first quarter of 2021, 7,731 transactions for the  purchase and sale of real estate were completed, which is less than  5% a year ago, with an increase of 5.3% per quarter.

ArmInfo.From now on, all users of Russian Sberbank’s mobile app will be able to transfer money within a few seconds to the account of Ardshinbank clients. Instant money transfers are made through the SberBank Online application.

ArmInfo.Armenia and the EU intend to take effective steps towards expanding cooperation in the customs field. This became known following the results of the first  meeting of the Subcommittee on Customs Issues, acting within the  framework of the Agreement on Comprehensive and Enhanced Partnership  between the Republic of Armenia and the European Union (CEPA), which  was held in an online format.

ArmInfo.Converse Bank has summarized the results of the campaign dedicated to Women's Holidays. The bank offered its female customers an opportunity to make non-cash purchases with Woman's Card payment cards from March 15 to April 7 and benefit from cashback, as well as the opportunity to use some banking products on preferential terms, and receive a Visa Pay Sticker or Visa mini-FOB (with its accessory).

ArmInfo. In the first quarter of 2021 in Yerevan, there were 2020 transactions for the purchase and sale of apartments, which is 64.5% of the total number of  transactions for the purchase and sale of apartments in Armenia.  According to the data of the State Committee of the Real Estate  Cadastre, over the year, transactions for the purchase and sale of  apartments in the capital decreased by 16.5%, and over the quarter by  6.5%.